BY LICIA LESLIE
April 7, 2024
Hi Shoppers,
After that selling frenzy on Thursday, the bulls have regained control.
That support level I showed you in S&P 500 (Ticker: SPX) held and we rallied.
Friday’s action created an inside day called a Harami candle.
Harami means pregnant in Japanese.
This candle is an inside day following a very large candle the previous day.
In this instance, Thursday’s very large red candle looked bearish but Friday’s inside day, Harami candle, negates that bearishness.
As long as we hold that support in SPX at $5165, we will rally from here.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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